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Why is Blackrock Inc (BLK) Stock down?
We've noticed a 5.74% decline in Blackrock Inc (BLK) stock during the 2025-02-03 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
13 Oct, 2023:
BlackRock, Inc. Stock (BLK) dropped by 1.34% from $636.17 to $627.66 in the trading on Friday October 13, 2023. The reason why BLK stock down today is due to a drop in net inflows last quarter. BlackRock Inc. clients pulled a net $13 billion from long-term investment funds, the first outflows since the onset of the pandemic in 2020. The redemptions are a sign that investors have preferred to keep cash on hand in money-market funds or in certain bond strategies while interest rates remain elevated.
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